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@pos Announces Changes to Board of Directors; Company Appoints Matthew Graves and Edward M. Kolasinski.


Business Editors

SAN JOSE San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850.
, Calif.--(BUSINESS WIRE)--March 26, 2001

@pos (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:EPOS (Electronic Point Of Sale) See point of sale. ), a technology licensing pioneer in web-enabling the point-of-sale (POS) and point-of-presence environments, today announced the appointments of Matthew Graves, of Commerce One, and Edward Kolasinski, of Welch Allyn Welch Allyn, Inc. was founded in 1915 and is today a leading manufacturer of innovative medical diagnostic and therapeutic devices, cardiac defibrillators, patient monitoring systems, and miniature precision lamps.  Protocol, to their Board of Directors.

"Our new board members bring both financial and strategic business experience, in addition to significant expertise in the retail industry," stated Llavan Fernando CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey.  for @pos. "Their experience will provide valuable contribution as we bring the next generation of technology platforms to market."

Matthew C. Graves, currently vice president Mergers & Acquisitions at Commerce One, has been a senior executive for Biztro, FirsTech and Wells Fargo Wells Fargo

armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147]

See : Protectiveness


Wells Fargo

company that handled express service to western states; often robbed. [Am. Hist.
 Bank. Graves previously served on the board of directors for Allstate Bank, Avelent (formerly Just In Time Solutions) and Signio (acquired by Verisign).

"Joining the @pos board is an opportunity to participate in a company with a bright future," stated Graves. "I look forward to assisting @pos in developing many new business opportunities."

Edward M. Kolasinski, is chief financial officer for Welch Allyn Protocol, Inc., and vice president and general manager, Welch Allyn OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and  Technologies. With over 20 years of experience in finance, reorganization strategy and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , Kolasinski has also served as a member of the executive management team for Pryon Corporation, Protocol Systems, Rexnord and Price Waterhouse. Kolasinski has replaced Kevin Jost, president and CEO Hand Held Products, as an @pos board director.

"I look forward to assisting @pos as it continues to develop its long term plans," said Kolasinski. "I am extremely committed to developing value for its customers, partners and shareholders."

Continuing to support @pos in advisory capacities will be Robb Wilmot and Vivian Stephenson. Since 1997, both Wilmot and Stephenson have participated in board of director or advisory roles for @pos.

Aziz Valliani has resigned from his position as an @pos Board of Director to focus his full time attention as Chairman of the Board, chief executive officer of Crossvue, Inc. (formerly known as ReceiptCity.com, Inc.).

Llavan Fernando, CEO and CTO for @pos will preside over the Board of Directors as Chairman. Fernando has over 25 years of R & D, mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings  and management experience. He joined @pos in 1996 as vice president of Engineering, moving to chief technology officer in August, 1998 and assuming CEO responsibilities in December, 2000. Prior to joining @pos, Fernando served as vice president of Engineering for Inforite and Strategic Business Development manager at Wyse Technology. Additional executive management experience includes general manager for TeleSensory, and R & D Engineering positions for Data Products and Wilkinson Sword (U.K.).

About @pos

@pos (OTCBB:EPOS) is the pioneer in Web-enabling the point-of-sale and point-of-presence environments. @pos' technology allows its licensing partners and customers to utilize secure interactive transaction products for electronic signature capture, debit and credit payments, display advertisements, promotions, and surveys. For more information, see www.atpos.com, email to info@atpos.com, or call 408/468-5400.

Except for historical information contained herein, the matters in this press release are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially, including price and product competition, design acceptance by customers, financing constraints, the ability to manufacture new products in sufficient volume, general economic conditions, and other risks as detailed from time to time in SEC reports and filings by @pos, Inc.
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Publication:Business Wire
Date:Mar 26, 2001
Words:562
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